GLOBAL SHIPPING Archives - Maritime Shipping News

Foremost Group CEO was intoxicated when she reversed into pond, report says

22 March 2024

Angela Chao, a shipping CEO and sister-in-law to Senate Minority Leader Mitch McConnell, was intoxicated when she drove into a pond at her Texas ranch last month, according to a report from the Blanco County Sheriff’s Office.

The sheriff’s office ruled Chao’s death an “unfortunate accident,” according to the report on the investigation released Wednesday. An autopsy was not performed on Chao, but a toxicology test revealed her blood alcohol concentration was nearly three times the legal limit in...

https://www.freightwaves.com/news/foremost-group-ceo-was-intoxicated-when-she-reversed-into-pond-report-says

Angela Chao, CEO of global shipping firm Foremost Group, dead at 50

14 February 2024

Angela Chao, the CEO of New York-based shipping company Foremost Group, has died in a car accident at the age of 50, according to a news release.

“It is with deep sadness that Foremost Group announces the passing of Angela Chao in a tragic car accident. Angela Chao was a formidable executive and shipping industry leader, as well as a proud and loving daughter, sister, aunt, wife and mother,” according to a statement from the Foremost Group published in MarineLog.

The Foremost Group did not...

https://www.freightwaves.com/news/angela-chao-ceo-of-global-shipping-firm-foremost-group-dead-at-50

Will Global Shipping Hit Net Zero By 2050?

26 October 2023

Credits: Matthias-heyde/unsplash

In the wake of COP26, the international shipping sector felt the pressure to reduce its greenhouse gas (GHG) emissions more rapidly. The recent adoption of the 2023 International Maritime Organisation (IMO) Strategy on Reduction of GHG Emissions confirms ambitious plans to achieve net zero for the sector by 2050. But is that goal achievable, and what will need to change for it to happen?

What Was The Situation?

The existing IMO strategy (agreed at MEPC 72 in April...

https://mfame.guru/will-global-shipping-hit-net-zero-by-2050/

Shipping Industry Must Stop Using Heavy Fuel Oil Fast

6 May 2023

Credit: evangelos-mpikakis-5i2F7avw8DI-unsplash

Global Shipping Is under Pressure to Stop Its Heavy Fuel Oil Use Fast—That’s Not Simple, but Changes Are Coming, states a news UTK source.

Driver of climate change

Most of the clothing and gadgets you buy in stores today were once in shipping containers, sailing across the ocean. Ships carry over 80% of the world’s traded goods. But they have a problem – the majority of them burn heavy sulfur fuel oil, which is a driver of climate change.

While cargo...

https://mfame.guru/shipping-industry-must-stop-using-heavy-fuel-oil-fast/

TT Talk – Persistent Wildlife Crime

16 March 2023

Credit: Winston Tjia/Unsplash

Although TT has previously covered this subject, wildlife crime poses a serious danger to biodiversity, local and national economies, national and international security, and global health. The global pandemic raised awareness of new infectious diseases, 60% of which are zoonotic, or infectious diseases that can spread from animals to people, as well as the negative effects of wildlife crime and unrestricted trade.

Illegal wildlife trade

Wildlife crime is thought to...

https://mfame.guru/tt-talk-persistent-wildlife-crime/

DHL partners with BigCommerce on B2B and B2C delivery

4 October 2022

When one of the largest shippers on the planet partners with one of the most popular e-commerce platforms in the world, it’s worth paying attention.

On Tuesday, international shipper DHL (OCTUS: DPSGY) and e-commerce firm BigCommerce (NASDAQ: BIGC) announced a partnership that will grant BigCommerce merchants access to the DHL Express delivery network.

The partnership also makes merchants eligible for perks like discounted rates and access to DHL shipping and logistics professionals.

By shipping...

https://www.freightwaves.com/news/dhl-partners-with-bigcommerce-on-b2b-and-b2c-delivery

Ammonia-powered Ships To Impact Global Shipping

8 September 2022

Ammonia might seem like an unlikely fuel to help cut greenhouse-gas emissions. Best known for its odor, the gas can be dangerous and toxic.
The fuel could provide an efficient way to store the energy needed to power large ships on long journeys.
But it could also play a key role in decarbonizing global shipping, providing an efficient way to store the energy needed to power large ships on long journeys.

A recent news article published in the Technology Review talks about how ammonia could...

https://mfame.guru/ammonia-powered-ships-to-impact-global-shipping/

IMF: Rising ocean shipping costs to bring wave of higher prices

30 April 2022

Research from the International Monetary Fund substantiates the correlation between “volatile” global shipping costs and inflation.

“Studying data from 143 countries over the past 30 years, we find that shipping costs are an important driver of inflation around the world: When freight rates double, inflation picks up by about 0.7 percentage point. Most importantly, the effects are quite persistent, peaking after a year and lasting up to 18 months. This implies that the increase in shipping...

https://www.freightwaves.com/news/imf-rising-ocean-shipping-costs-to-bring-wave-of-higher-prices

Will extreme weather become more frequent by midcentury?

23 March 2022

El Nino — the unusual warming of surface waters in the eastern tropical Pacific Ocean — affects climate, ecosystems and societies worldwide.

A study published earlier this month examined four possible scenarios for future carbon emissions and found an increased risk of El Nino events in all four. This means El Nino events and associated climate extremes are now more likely “regardless of any significant mitigation actions” to reduce emissions, the researchers warned.

https://www.freightwaves.com/news/will-extreme-weather-become-more-frequent-by-midcentury

Logixboard raises $32M to support freight forwarders’ growth

26 January 2022

Seattle-based Logixboard announced Wednesday it has closed on a $32 million series B round led by by Insight Partners with participation from existing investors including Redpoint Ventures, F-Prime Capital, Social Leverage and Founders’ Co-op to continue expanding the capabilities of its white-label platform for freight forwarders and logistics providers.

Logixboard raised $13 million in a series A round led by Redpoint Ventures in April and has raised a total of $50.8 million since 2016.

“We are...

https://www.freightwaves.com/news/logixboard-raises-32m-to-support-freight-forwarders-growth

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